Fuxing China Group Ltd 2020 AR2
The report highlights Fuxing China Group Limited's financial and operational performance for the fiscal year 2020, which was heavily impacted by the COVID-19 pandemic and intense market competition. To mitigate cost pressures, the company is progressively automating its manufacturing processes and improving zipper quality to secure higher-margin orders. During the year, the Group divested part of its non-core investment property in Xiamen City to improve its working capital and lower its gearing ratio. The report also outlines the company's commitment to sustainability, listing key ESG focus areas such as environmental compliance, occupational health and safety, and anti-corruption, with the full sustainability report scheduled for publication in May 2021.
Company: Fuxing China Group Ltd
Sector: Manufacturing
Country: China
Year: 2020
Type: AR2
Pages: 114
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Fuxing China Group Ltd
Annual Report
The report highlights Fuxing China Group Limited's financial and operational performance for the fiscal year 2020, which was heavily impacted by the COVID-19 pandemic and intense market competition. To mitigate cost pressures, the company is progressively automating its manufacturing processes and improving zipper quality to secure higher-margin orders. During the year, the Group divested part of its non-core investment property in Xiamen City to improve its working capital and lower its gearing ratio. The report also outlines the company's commitment to sustainability, listing key ESG focus areas such as environmental compliance, occupational health and safety, and anti-corruption, with the full sustainability report scheduled for publication in May 2021.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board